1627 Wayne St NERoanokeVA24012
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Roanoke at 1627 Wayne St NE, Roanoke, VA, 24012 uses $60,665 cash to close to unlock $5,247/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $896/mo payment keeps the spread at $437/mo. Purchase price stands at $183,000, and rental yield measures 10.14% with $1,546/mo rent. Return on cash invested shows 28.56% in year one, and 5% annual appreciation builds toward $50,560 over five years. Five-year ROI reaches 149.11% and total cumulative return in cash records $90,455. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $896/mo payment rather than investor’s personal income.
Multi Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24012, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,046 (100%) |
| Owner Occupied HU | 7,442 (53.0%) |
| Renter Occupied HU | 5,506 (39.2%) |
| Vacant Housing Units | 1,098 ( 7.8%) |
| Median Home Value | $226,162 |
| Average Home Value | $283,920 |
Housing Distribution
Address Breakdown
Residential
13,750
Single Family
11,722
Multi-Family
2,028
Businesses
1,260
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Listed by: Courtnee W Bishop • MKB, REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #917588
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